Big Four banks lose customers over fossil fuel gamble 3rd May 2014: This weekend, hundreds of customers with Australia’s biggest banks have shut down their accounts to protest the banks’ lending to Australian coal and gas projects. Public divestment actions took place...
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Adani given “Stranded Asset” award for 3rd most unburnable coal
30 April 2014 Adani - owners of what would be Australia's biggest ever coal mine - have just been ranked as the company with the third most unburnable coal in the world. We thought that was an achievement worth recognising, so in a mock award celebration, Market...
Why Josh left Commbank: fossil fuels
Letter from Josh Wyndham-Kidd to Commonwealth Bank: I am writing to let you know why I decided to close my account with the Commonwealth. I have been with your bank since I opened my first Dollarmites savings account in early primary school. I remember the excitement...
Coal industry going for super funds
24 March 2014 Well here's a sign that the coal industry is in trouble. But its going to need a response. The Australian newspaper ran a story that documented the coal industry's plans to lobby fund managers - including Australian superannuation funds - to stay...
Barbara’s ANZ divestment story
13 March 2014 Barbara Thomas from Murwillumbah appeared in the news recently to announce plans to divest from ANZ over their support of the fossil fuel industry, which is threatening the local environment. Barbara and other residents of northern New South Wales will...
Westpac customers divest!
8 March 2014 At city branches in Melbourne and Sydney today, dozens of Westpac customers turned out to close their accounts in protest over Westpac's multi-billion dollar support of the fossil fuel industry. Since 2008, Westpac has loaned close to $3 billion to the...
How to avoid the carbon bubble
5 March 2014 Want to kick fossil fuel companies out of your investments but don't know how? Worried that excluding fossil fuel companies might harm your financial health? Worry no more. Market Forces and 350.org commissioned The Australia Institute to study how people...
Cutting Fossil Fuel Subsidies a boon for the budget, reduces pollution
Cutting Fossil Fuel Subsidies a boon for the budget, reduces pollution 27 February 2014 An alliance of Australia’s leading environment and community organisations has today renewed its call for the Australian Government to cut fossil fuel subsidies. The Federal...
Fossil fuel stocks increase risk, not returns
Fossil fuel stocks increase risk, not returns New report makes the case for divestment by ethical and responsible investors Sydney, 5 March 2014 Investments in coal, oil and gas increase financial risk without increasing returns, according to a new report aimed at...
“Age of Entitlement” alive and well for fossil fuels
Originally posted in RenewEconomy on 3 March 2014 "Age of Entitlement" alive and well for fossil fuels As Australian industries queued up in early 2014 to announce their impending closure, adding tens of thousands to the ranks of the unemployed, Joe Hockey was...